A lot of bullish signals !
- MACD/PSAR accumulation period is almost over
- RSI is almost sideways
- Fractal bands are on a buy signal
- Bullish triangle is ongoing
- 180k Support didn't broke
To me we are going for a new ATH within few days. That's the best bullish scenario case.
But but but ! The trend is still weak. If the 180k support break we will revisit the 110-130k for a period... or it's a bear trap.
as we knew that waves really came up with very nice updates and a supportive community.
Waves is dropping. Any reason for that?
I'll consider the trend as a drop if we go below 180k. And an uptrend if we go above 240k.
We are still in the range atm (but not for longer)
currently heading to the triangle cross point, do you expect what day will be the x day to go up/down drastically?
Yup. I'm trying to find which way it's going !
I found some other bullish indicators:
- http://dev.pywaves.org/generators/ the amount of leased/mined coin is growing (so peoples are hodling)
- Most coins are on the red by -10%, Waves remain solid
Boilinger bands are getting tight, expect a big move soon. Up or down ? Can't say
In any case it's good. If the support go down it's time to buy even more
what I wonder is it's indicating little bit down side when I take a look at the chart. x day - exit day of the triangle is not easy to say, but I guess within this week or next week, or somewhere in between.
I really hoping up side hype though...
so, went to down side... is there any particular reason suspected? Waves system it self is fine right?
The 180k support broke, so we turned into a bearish free-fall.
A new support is building around 150k, but the fall isn't over. If the new support is too weak we will see a dip down to 120k.
As we reach soon the oversold territory, it's a good idea for investors who want to join the market to buy slowly on this downtrend.
Again, maybe I'm wrong, it's just some speculation
